In response to a reasoned opinion issued by the EFTA Surveillance Authority that Iceland's exit tax rules violate freedom of establishment and free movement of capital under the EEA Agreement, Iceland's Ministry of Finance announced it would amend the rules. The planned amendments include:
- No longer requiring a bank guarantee for the deferral of exit tax, as long as there is adequate information exchange or mutual assistance in the collection of taxes between Iceland and the other country; a…